Skip to main content

Search from vocabulary

Content language

Concept information

Preferred term

least squares criterion  

Definition

  • The rule that using the ∗mean to predict the scores in a distribution results in predictions that are most accurate, with “accurate” in this case indicating that using the mean yields the smallest possible sum of squared ∗errors (or squared ∗deviation scores). In ∗regression analysis, it is called ∗ordinary least squares (OLS), which is a method or criterion for calculating the ∗regression equation (or drawing the regression line) that best summarizes or fits a distribution. [Source: Dictionary of Statistics & Methodology; Least Squares Criterion (or Principle)]

Belongs to group

URI

https://concepts.sagepub.com/social-science/concept/least_squares_criterion

Download this concept: